Exchange Traded Concepts LLC Buys 10,592 Shares of Zions Bancorporation, N.A. $ZION

Exchange Traded Concepts LLC grew its stake in Zions Bancorporation, N.A. (NASDAQ:ZION) by 105.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,647 shares of the bank’s stock after purchasing an additional 10,592 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Zions Bancorporation, N.A. were worth $1,168,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. Walker Asset Management LLC purchased a new position in shares of Zions Bancorporation, N.A. during the third quarter valued at about $202,000. Brighton Jones LLC boosted its position in Zions Bancorporation, N.A. by 9.9% during the 3rd quarter. Brighton Jones LLC now owns 5,329 shares of the bank’s stock valued at $302,000 after acquiring an additional 480 shares in the last quarter. U.S. Capital Wealth Advisors LLC grew its holdings in shares of Zions Bancorporation, N.A. by 729.3% during the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 38,631 shares of the bank’s stock worth $2,186,000 after acquiring an additional 33,973 shares during the period. Wedmont Private Capital raised its position in shares of Zions Bancorporation, N.A. by 19.9% in the 3rd quarter. Wedmont Private Capital now owns 12,152 shares of the bank’s stock worth $689,000 after acquiring an additional 2,016 shares in the last quarter. Finally, Sendero Wealth Management LLC lifted its stake in shares of Zions Bancorporation, N.A. by 14.9% in the 3rd quarter. Sendero Wealth Management LLC now owns 18,839 shares of the bank’s stock valued at $1,066,000 after purchasing an additional 2,445 shares during the period. Institutional investors own 76.84% of the company’s stock.

Zions Bancorporation, N.A. Stock Down 0.1%

Shares of Zions Bancorporation, N.A. stock opened at $59.51 on Friday. The company has a 50-day simple moving average of $54.29 and a two-hundred day simple moving average of $54.44. The stock has a market capitalization of $8.79 billion, a PE ratio of 10.66, a price-to-earnings-growth ratio of 0.98 and a beta of 0.88. Zions Bancorporation, N.A. has a 52-week low of $39.32 and a 52-week high of $60.77. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.81 and a current ratio of 0.82.

Zions Bancorporation, N.A. (NASDAQ:ZION) last announced its quarterly earnings results on Monday, June 12th. The bank reported $1.32 earnings per share for the quarter. Zions Bancorporation, N.A. had a net margin of 17.22% and a return on equity of 13.56%. The company had revenue of $705.00 million during the quarter. On average, analysts anticipate that Zions Bancorporation, N.A. will post 5.39 EPS for the current fiscal year.

Zions Bancorporation, N.A. Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Stockholders of record on Thursday, November 13th were paid a $0.45 dividend. The ex-dividend date was Thursday, November 13th. This represents a $1.80 annualized dividend and a dividend yield of 3.0%. Zions Bancorporation, N.A.’s payout ratio is currently 32.26%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on ZION. Zacks Research downgraded Zions Bancorporation, N.A. from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 30th. Evercore ISI increased their price target on shares of Zions Bancorporation, N.A. from $61.00 to $65.00 and gave the stock an “outperform” rating in a research note on Monday, December 15th. Jefferies Financial Group raised shares of Zions Bancorporation, N.A. from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $55.00 to $60.00 in a research note on Wednesday, November 19th. Bank of America upgraded shares of Zions Bancorporation, N.A. from an “underperform” rating to a “neutral” rating and upped their price objective for the stock from $59.00 to $62.00 in a report on Thursday, October 23rd. Finally, JPMorgan Chase & Co. lifted their target price on shares of Zions Bancorporation, N.A. from $62.00 to $67.00 and gave the company a “neutral” rating in a report on Tuesday, December 16th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Zions Bancorporation, N.A. currently has an average rating of “Hold” and an average price target of $61.35.

Insider Activity

In related news, EVP Jennifer Anne Smith sold 2,458 shares of the stock in a transaction on Monday, October 27th. The stock was sold at an average price of $53.11, for a total transaction of $130,544.38. Following the sale, the executive vice president directly owned 27,133 shares of the company’s stock, valued at $1,441,033.63. This trade represents a 8.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 2.22% of the stock is currently owned by insiders.

Zions Bancorporation, N.A. Company Profile

Zions Bancorporation, N.A. is a bank holding company headquartered in Salt Lake City, Utah, offering a full suite of banking and financial services to individuals, businesses and institutions. Through its primary subsidiary, Zions Bank, the company provides commercial banking, retail banking and wealth management solutions designed to serve the needs of small businesses, middle‐market firms and high‐net‐worth clients. Its service portfolio includes deposit accounts, cash‐management tools, lending products, mortgage origination, treasury services and investment advisory services.

The company’s commercial banking segment delivers custom credit and treasury management services, including working capital lines of credit, equipment financing and international trade finance.